Based on the Nasdaq requirement to remain trading, these chaps have agreed to get their stock price up to $1 a share for 10 consecutive days to remain trading on the exchange. Their balance sheet looks solid, so on that basis I thought when I bought them at 20 cents a share a 5:1 return by the end of the year seemed like a reasonable punt -
But, alas with all my long punts of late I'm getting hammered. Question being on the basis of what I've outlined, is it a worthy punt or should I just get out before I'm further fleeced?
It's getting a bit tedious on my stock choices of late, hoping to have a better day tomorrow, but I've just had that old classic Split Enz song reverberating in my head for weeks - for those unfamiliar with it - it goes
I see red, I see red, I see red
I might have to see a shrink 🤬😂
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